Oil

Oil & Gas Trade

Exxon's Faces Hurdles in $2.5 Billion Exit From California Offshore

The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July…

OPEC

OPEC’s December Crude Production Averages 28.05mbpd

The Organisation of Petroleum Exporting Countries (OPEC) pumped an average of 28.05 million barrels a day, MMbpd in December as it persevered with supply restra…

Oil&Gas Drilling

ONGC Initiates Oil Production From Its Deep-Water Asset

ONGC announces the successful commencement of First Oil from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal.This 98/2 project is like…

India

Oil Slips on Large Saudi Arabian Price Cuts and Rising OPEC Output

Picture: REUTERSNew Delhi — Oil prices fell more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in Opec output, offsetting worri…

Oil Field

India Inks Contracts for 13 Hydrocarbon Blocks

India signed contracts for 13 hydrocarbon blocks opened for bidding in the last two years.India’s Petroleum and Natural Gas Ministry has signed contracts …

Nuclear Power Plant (NPP)

Oil Leak From Nuclear Power Plant Due to Earthquake in Japan

An aerial photo shows the Shika Nuclear Power Plant, Japan, May 24, 2023. /CFPIn the aftermath of the 2024 Noto Peninsula earthquake, the amount of oil leakage …

LNG

Vitol Inks 10-Year LNG Supply Deal With Gail India

Vitol will supply GAIL (India) Limited with approximately one million metric tons of liquefied natural gas (LNG) per annum for 10 years beginning in 2026.Vitol …

Natural Gas

TMK ups Mongolian Gas Flow by 335 per Cent

Production at TMK Energy’s flagship Mongolian coal seam gas pilot project, Gurvantes XXXV, flourished through to the end of 2023, with the company recordi…

Oil&Gas Drilling

Aker Puts Subsea Oil & Gas Tech to Work for Offshore Wind

Norwegian offshore technology company Aker Solutions is working with Norway's Marine Energy Test Centre to try out a new way to set up the power collection …

Oil & Gas Trade

Nigerian and Chinese Energy Firms Seal $1BN Deal on Gas Flaring

A Nigerian energy company NIGUS International, have entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd., a Ch…

LNG

Woodside Energy Signs Domestic LNG Agreement With Pilbara Minerals

Woodside Energy is set to supply LNG to one of the world's largest hard rock lithium deposits. Source: ShuttershockWoodside Energy will use its Western Aust…

Oil Price

Saudi Arabia Cuts Feb Arab Light Crude Price to Asia to 27-Month Low

Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian customers to the lowest level in 27 months, a company s…

Renewable Energy

Saudi Energy Ministry and NEOM Company Sign MoU on Cooperation in Energy Fields

The Saudi Ministry of Energy and NEOM company signed on Sunday a Memorandum of Understanding (MoU) on enhancing cooperation in the energy fields, the Saudi stat…

LNG

Gail India Signs Long-Term LNG Supply Deal With Trader Vitol

GAIL (India) has signed a long-term LNG deal with Vitol, under which the top commodity trader will supply around 1 million metric tons of LNG annually for 10 ye…

Crude Oil

Motiva to Shut CDU, Coker Next Week at Largest US Refinery -Sources

Motiva Enterprises (MOTIV.UL) is scheduled to shut the large crude distillation unit (CDU) and large coker at its 626,000 barrel-per-day (bpd) Port Arthur, Texa…